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Securitization People and Markets

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  • Industry playmakers are casting doubt on Bain Capital Partner's and Game Plan International's $3.5 billion bid for the National Hockey League.
  • Jeff Herlyn and Michael Rosenberg, managing directors and co-heads of the collateralized debt obligation group at UBS, have quit the firm to join Polygon Investment Partners
  • Deutsche Bank and Lehman Brothers reverse flexed the pricing on Trout Coal Holding's bank deal.
  • Deutsche Bank and Goldman Sachs filled the books on the $1.06 billion facility for Resorts International Holdings as investors take a bet on the strength of gaming credits.
  • Law firm Kaye Scholer has brought over five partners to its creditors' rights group from rival Clifford Chance. Margot Schonholtz, Mark Liscio, Madlyn Gleich Primoff, Scott Talmadge and Jill Kurtzman are joining the firm's business reorganization and creditors' rights practice.
  • Jeff Ogden will be joining Lehman Brothers next month in its loan capital markets division. He had worked at Deutsche Bank until a few weeks ago.
  • Fender Musical Instrument Corp., maker of the legendary Stratocaster and Telecaster guitars, is looking to borrow $320 million in first and second-lien loans to fund a $215 million one-time special dividend to shareholders and employee bonuses.
  • Banc of America has scooped a Treasury trader from Lehman Brothers.
  • Credit Suisse First Boston is leading a $72 million "B" loan for Alion Science and Technology.